iShares Agency Bond ETF (NYSEARCA:AGZ) Sees Large Volume Increase – Time to Buy?

Shares of iShares Agency Bond ETF (NYSEARCA:AGZ) saw strong trading volume on Wednesday . 139,689 shares changed hands during mid-day trading, an increase of 391% from the previous session’s volume of 28,444 shares.The stock last traded at $108.14 and had previously closed at $107.60.

iShares Agency Bond ETF Stock Up 0.5 %

The stock has a 50 day simple moving average of $108.30 and a 200 day simple moving average of $109.02.

Hedge Funds Weigh In On iShares Agency Bond ETF

Institutional investors have recently modified their holdings of the company. Clean Yield Group grew its position in iShares Agency Bond ETF by 18.6% in the 4th quarter. Clean Yield Group now owns 650 shares of the company’s stock valued at $70,000 after buying an additional 102 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in iShares Agency Bond ETF by 3.6% during the second quarter. Citizens Financial Group Inc. RI now owns 4,013 shares of the company’s stock worth $432,000 after purchasing an additional 139 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in iShares Agency Bond ETF in the second quarter worth approximately $731,000. Moors & Cabot Inc. boosted its stake in iShares Agency Bond ETF by 64.4% during the 2nd quarter. Moors & Cabot Inc. now owns 6,896 shares of the company’s stock valued at $742,000 after purchasing an additional 2,701 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in shares of iShares Agency Bond ETF during the 3rd quarter valued at $789,000. Institutional investors own 9.74% of the company’s stock.

About iShares Agency Bond ETF

THE ISHARES BARCLAYS AGENCY BOND FUND seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the agency sector of the U.S. government bond market as defined by the Barclays Capital U.S. Agency Index.